ZIP.AX plunges 34.40% to A$1.85 Market closed: reassess after flat earnings warning
The ZIP.AX stock slide was sharp today after Zip Co Limited warned of flat cash earnings, with the share price falling to A$1.85 on heavy turnover. Volume surged to 218628186.00 shares as investors digested guidance and the Q2 presentation. The move wiped roughly 34.40% off the share price in one session and put the company further below its 50-day average of A$2.99. We outline what drove the fall, the balance-sheet signals, technical clues and what Meyka AI’s models now project for ZIP.AX stock.
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